Global Business Power Corp. (GBPC), the power-generation unit of taipan George Ty’s GT Capital Holdings, is giving itself one more year to firm up its initial public offering (IPO) plans, delaying its original plan to go public this year.
Alfred Ty, director of GBPC, confirmed that the company is not yet going to list in the local bourse this year, but the firm “is not closing the doors” for its IPO some time next year.
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